Yes, that's the entire point, it shields you from all liability. If you perjure yourself, you're still personally liable, but for things such as money owed by t

Yes, that's the entire point, it shields you from all liability. If you perjure yourself, you're still personally liable, but for things such as money owed by the business, you're not personally liable unless if you personally guarantee something (i.e. a company credit card that you guarantee with your social).